Vår Energi consolidates its leadership with record production plan for 2026
The Norwegian company plans to reach 410,000 barrels per day in 2026 after doubling its operating capacity and securing reserves of 2.2 billion barrels.
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Solar and wind capacity to increase tenfold in the Middle East and North Africa by 2040
Renewable generation is projected to grow at a faster rate than total electricity demand by mid-2040.
TotalEnergies calls for clarity on Russian LNG ban in the EU
The restriction on Russian LNG puts the Yamal project at risk and puts pressure on the European gas market.
PTTEP Sarawak Oil approves FID for SK405B project in Malaysia
The SK405B IDF sets production in 2028 at 15,000 barrels per day and zero flaring.
Harbour Energy secures acquisition of LLOG for US$3.2 billion
The acquisition strengthens Harbour Energy's position in the U.S. offshore market and balances its geographic exposure.
Petrobras’ P-79 FPSO platform arrives at Búzios field in Santos
Through this tactic, efficient training of the team is also achieved, thus accelerating the start of production.
The United Kingdom activates its first commercial biomethanol service at the port of Immingham
The Port of Immingham begins commercial supply of biomethanol for shipping and opens a new stage in the UK's naval decarbonization.
Transocean awards contracts for its 184 million semi-submersible rigs in Norway
The company specializes in technical sectors of the global offshore drilling business, with particular attention to operations in ultra-deepwater and harsh environments.
EnQuest wins Cendramas PSC partnership in Malaysia
The LOA will become effective on September 23, 2026, following the signing of the Joint Operating Agreement and the PSC.
India’s coal consumption could double by 2050
India's coal demand could exceed 2.6 billion tons by 2050 under current policies, according to official projections.
OPEC forecasts a drop in demand for OPEC+ crude oil in the second quarter
OPEC anticipates a drop in demand for OPEC+ crude oil of 400,000 barrels per day during the second quarter of the year.
TotalEnergies reduces share buybacks after oil and gas slump
Repurchase declines to US$750 million in the first quarter while Q4 adjusted net income came in at US$3.8 billion.